18.06.2014 - The yen continued confident growth

The Japanese yen continued to depreciate against the strengthening of the U.S. dollar due to the growth of consumer price index in the U.S. by 0.4%% compared with the expected increase of 0.2%. As a result the price of USD/JPY has left local downlink and overcame a strong level of 102.00. In case of further increase the price will reach 102.70, after which can grow up to 104.00. Within the correction decrease is possible to 102.00. We recommend holding long positions and maintain a medium-term positive outlook.

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